$450,000
PENDING

7941 Peninsular Dr Farwell, MI 48622

Estimated payment $3,083/month

Total Views 6,600
2 Beds
3 Baths
2,056 Sq Ft
$219 Price per Sq Ft

Highlights

  • Waterfront
  • 1.5 Car Detached Garage
  • Forced Air Heating System
  • Traditional Architecture
  • 1-Story Property
  • Carpet

About This Home

Come check out this lakefront home situated on 170ft of frontage on the popular 5 Lakes in Farwell. This ranch home offers beautiful views of the lake, large balcony to enjoy a cup of coffee or a feast of entertaining. Includes 2 bedrooms on main level (master with ensuite bath), large living/dining area and quaint kitchen that leads out to expansive balcony, along with a bonus room in the basement (currently being used as 3rd bedroom), ginormous family area, storage, walkout basement to covered patio and even a kitchenette! This home is made for entertaining or using as dual living spaces. Plenty of storage outside with a shed for all your water “toys” along with detached garage. Permanent Cantilever dock makes winters much easier. Furnace 7 years old and AC unit 2 years old. Schedule your showing today! Note: There is a 12x15 storage/utility room in the basement

Listing Agent

Teresa Allen

Next Home Reality License #CGBOR-480513537 Listed on: 10/21/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 2002

Lot Details

  • 5,663 Sq Ft Lot
  • 170 Ft Wide Lot
  • Waterfront

Parking

  • 1.5 Car Detached Garage

Home Design

  • Traditional Architecture
  • Cottage
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Septic Tank

Community Details

  • Five Lakes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01500930003

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,617

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Originating MLS: Clare Gladwin Board of REALTORS
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Traditional, Cottage
  • Structure Style: 1 Story
  • Total Tax Amount: 4179.88
  • Total Tax Year: 2023
  • Year Built: 2002
  • Mail City: Farwell
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: Yes
  • Bedrooms: 2
  • Bedroom 1: On 1st Floor, Dimensions: 20 x 13
  • Bedroom 1 Floor Covering: Carpet
  • Bedroom 2: On 1st Floor, Dimensions: 10 x 12
  • Bedroom 2 Floor Covering: Carpet
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Bathroom 1: On Level: First
  • Bathroom 2: On Level: First
  • Bathroom 3: On Level: Basement
  • Breakfast Nook: In Basement, Dimensions: 8 x 7
  • Breakfast Nook Floor Covering: Vinyl
  • Dining Room Floor Covering: Carpet
  • Family Room: In Basement, Dimensions: 27 x 15
  • Family Room Floor Covering: Carpet
  • Kitchen: On 1st Floor, Dimensions: 12 x 11
  • Kitchen Floor Covering: Vinyl
  • Laundry: On 1st Floor, Dimensions: 7 x 6
  • Laundry Room Floor Covering: Vinyl
  • Living Room: On 1st Floor, Dimensions: 21 x 14
  • Living Room Floor Covering: Carpet
  • Other Room 2: Dimensions: 20x12, On Level: Basement, Flooring: Carpet
  • Below Grade Sq Ft: 1256
  • Finished Below Grade Sq Ft: 800
  • Above Grade Finished Sq Ft: 1256
  • Total Finished Sq Ft: 2056

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Basement
  • Frontage: 170
  • Waterfront: Yes
  • Frontage Type: Water

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 1.5
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Septic
  • Water: Private Well

Lot Info

  • Assessor Parcel Number: 01500930003
  • Lot Dimensions: 5267
  • Acreage: 0.13
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2023, Amount: $1,694.04
  • Winter Tax: Year: 2023, Amount: $2,485.84
  • Taxable Value: 174269
  • Total Tax: Year: 2023, Amount: $4,179.88
  • SEV Year: 2024

MLS Schools

  • School District: Farwell Area Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,617 $187,745 $79,943 $107,802
2024 $1,860 $174,629 $76,950 $97,679
2023 $1,613 $171,760 $76,437 $95,323
2022 $3,912 $153,081 $81,738 $71,343
2021 $3,795 $157,900 $0 $0
2020 $3,747 $152,600 $0 $0
2019 $3,330 $151,000 $0 $0
2018 $5,746 $138,500 $0 $0
2017 $1,450 $135,400 $0 $0
2016 $350 $125,209 $0 $0
2015 -- $114,973 $0 $0
2014 -- $111,228 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2025 01/24/25 Sold $400,000 -11.1% $195 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
10/18/2024 10/18/24 For Sale $450,000 +28.6% $219 / Sq Ft
07/17/2023 07/17/23 Sold $350,000 -5.4% $170 / Sq Ft
06/02/2023 06/02/23 Pending -- -- --
03/13/2023 03/13/23 Price Changed $369,900 -2.6% $180 / Sq Ft
02/03/2023 02/03/23 For Sale $379,900 +81.8% $185 / Sq Ft
08/26/2016 08/26/16 Sold $209,000 -2.3% $166 / Sq Ft
08/07/2016 08/07/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $214,000 -- $170 / Sq Ft
Source: Clare Gladwin Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $400,000 --
Warranty Deed $350,000 --
Source: Public Records

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Source: Clare Gladwin Board of REALTORS®

MLS Number: 50158902

Clare Gladwin Board of REALTORS®

APN: 015-009-300-03